Wiseguyreports.Com Adds “Galley Equipment -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2022” To Its Research Database

The Global Galley Equipment Market accounted for $2.04 Billion in 2014 and is estimated to approach $3.03 billion by 2022, registering a compound annual growth of 5.06% during the forecast period 2014 to 2022. Increasing demand for the aircraft, raise in demand for the light-weight galley equipment, demand for galley customization as per customer’s preferences, and increase in modular galley are some of the major factors influencing the growth of the galley equipment market. Growing demand for comfort and ease in different ships and aircrafts has led to the increasing demand for state-of-the-art galley equipment. Moreover, increasing demand for ships and aircrafts for leisure and commercial purposes has a direct impact on demand for galley equipment around the world.

Even though its huge applications, the growth of galley equipment market faces a few hurdles. Growing popularity of low-cost carriers for different commercial and personal purposes has hampered the growth of galley equipment. Moreover, companies in this market face a steady challenge of plummeting weight and size of galley equipment. Growing opportunities like modular and customized galley equipment has made the market profitable in recent years. Top-most companies in this market seek to offer galley equipment particularly designed and developed to meet specific requirements. Furthermore, companies focus on providing wide-ranging galley set-up with complete functional and storage capacities.